Loomis acquires Brinks’ cash handling operations in Great Britain
Loomis AB, which is Securitas’ cash handling services division, has through its subsidiary Loomis UK Limited acquired Brinks’ cash handling operations in Great Britain. Purchase price is approximately MSEK 15 (MGBP 1.1).
The Brinks’ cash handling operations in Great Britain consists of 350 employees, whereof 260 in England and 90 in Scotland. The operation has annual sales of approximately MSEK 180 (MGBP 13) and comprises of cash transportation and ATM services.
The acquisition will be consolidated in Loomis as of 6 August 2007.
This press release is also available at: www.securitas.com
Gisela Lindstrand, Senior Vice President Corporate Communications and Public Affairs, Securitas AB, phone +46 8 657 7332 or +46 70 287 8662
Thomas Backteman, Communications Manager, Loomis AB, phone +46 70 971 1266